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IwORTGAGE D~ED AND5ECUAt1~Y AGREEMENT r~ r~,~`~~ ~ 3
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THIS MORTGAGE DEED Ithe u
M{ort~pel.datodasot ~~?~y L~ .19 s .byandbetwacn
CAi`iI,-SLO(JGF~ CORPOfZ!\TIOIV, a E'lorida ~arnoration. I,~~,SS~.e. a~~d N~tK E. S`PE.~~-'~S~cl Bf~`I`PY
J. STEVFNS, his wife, ~.s Trustec~s, a!7d =+~~ividually, Cfir'1F2?.F~S Tf~~E?I~[V and CAf20L TE:E;~N,
his wife, ai~d H~J~'1t~I) OfiL ~u~d MARY O~3L, his wife, Fc~e~ Sirr~l~ C~~c~rs ( tu~reinafter c~-~l led
Mortgagor ) and S~'N BANK CF ST. LCJCIE CnUt~FI'Y ~.~M~~ in
off~ceat 111 '_?r~1~ Av:~nii~, Fnrt P;r~rr-e, ^lnr~~la _ - 1lxranatterc,alltdMortaagttl; • ' ~ /
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V1~ ITtiESSETN . tha~ in ~ un~iueratiun o( the premises and ~n orcltr to ucurc ~he Fayment of both the ~nncipal of.
ar,d mterest .~n~ am cxher ~ums payabi~ on the nae ~as herc~nafter definedl or this MortgagP and the perfosmance anci
ubarrtianir ~~t all ~~t the pru. i~iom h~reot and o( said note. Mortgagor hercby grant~. xlh, v~arrant~, convey~. as~~gn~.
transfers. mortgages and sets over and confirms unto Mottgaga. all ot Mortgagot's estate, nght, utk and interest ~n, to
and unucr all ttiat crrcain rcal property s~tuatc ~n St . Lucie _ _ ,
County. Flonda, more pan~cularly described as foibws
11S MORE PARTICLTI~RLY DESCRIBED IN EXHIBIT "A" WHICH IS ATI'ACfi:;D Eif~:E2F:T0 ~1l~?P,
B~ REFEREt~ICE N1ADF. A PAR'I' HEREOF.
TOGETHER WITH all improvements now or hereafter iacated on sa~d rzal property and a!I fixtures, applian-
ces, apparattes. aqu~pment, furnishings, heating and air canditiooing equipment, machinery and articlrs of personal
prop~ny and replacemcm thercaf (vther than those owned by kssees of said rr.al pr+n~erty) now or hereafttr a[fizcd to.
attuhod to. plaoed upon. or used in any way in connection with the comp{eto andoanfarta4k use. occuPancy. or opera-
teon of the saici rcal prop~rty, al) licenses ud permits uud or rcquired irt connertion with the use of said rcal property,
all leases ot said real praperty now on c~reafter eMered into and all rig,ht, titte and interest of Mcxtg~gor thercunder, in-
cludiog without limitation, cash or securities deposit~d thereundGr purswnt io said kases, and all oents, isssues, pro-
eeods, and peofits acrnuing from ssid rca! property snd togtther with all procoedc of d~e cawtrsion~ voluMary or Invo-
luntary of any of the fongoing into cssh or liquidated c[aims, including without iimitaiian, proceeds of insurance and
condemnation awards (the forcgoing said real ~rty. tangib~ and ieangibk persanal pmperty hereinafter rcf~~red to
collectively as the I~S.~.tgaged Property)_ Matgaga h~reby grants to Mcxtgagee a security ':ntectu in the foregang de-
scribed tangibk snd intangibk peisotutl prc~petty. -
TO HAVE AND TO HOLD thc Mongagtd Piropcrty, togett~er ~rith all and singular the tenemcnts, hercdita-
ments and appurtenances thcreunto belonging a in anywix sppcrtaining and the teversion uxi rtversions thereof and
all the estate, right, title. ~ntercst, hornestead, dower a~d nght of dower, xparate estatc, possess~on, claim and demand
whatsoever, as well in law as in equity, of Mortgagorand untothe same, and every part thercof, with the appurtenances
of Mortgagor i~ and to the same, and every part and parcel thereof unto Mortgagee.
Mortgagor wazrants that Mortgagor h~s a good and maricetable titk to an irdcfeuibk fa estatc in the rcal prap-
erty compnsing the Mortgaged Property subjtet to no lien, charge cx encurtebrance except such as Mortgagce ha~ agrccd
to accept in wnting and Mongagorcovrn~r~ts thu this Mortgage is and will remain a val~d and enforcubk mortgage on
the Mongaged Propeny subject only to the exceptions herein prnvided. Mortgagor haS full power and lawful autFxxity
to m~rtgage the Mo:tgaged Froperty in ttie manner and form hertin done'or intended hercafter to be done. Mortgagor
wil~ prcserve such t~tle and will forever warrant and defend the same to Mortgagee and will forcver w~arrant and defrnd
thc validity and pnonty of the lien hereof against thc claims of alt persons and p~rties whomsoev~r.
Mortgagor will, at the cost of Mongagor, and without expense to Mortgagee, do, exerute, acknowledge and dc-
liver ail and tvery wch funher acts, detds. caveyances, matgages, assignments, notices of usignmcnt, transfers and
assurances as Morigagee ~hall from time to time rcquirc in or~da~ to preserve thc priority of ~he licn of this Mongagc ur to
facilitate the performance of thc tertns hcreof.
PROVIDED, HOWEVFR, that if Mortgagor shall pa~ to Mortgagee the indedtedness in the pr~nctipal sum of
s 370 , Q00 . 00 3s e»denoed by that artain promesaory note (the Note),ateven dau hercwith, a any renewal or
rcplaaement of wch Not~. txecutod by Mangaga and payabk to arder d Mort~~a, with interest and upon tht tcrms as pro-
vided ttxrein, and togettxr with all other sums advancod by Mortgaga to a cn behalf d Mottgagor pursuant to the Note or
this Mortgagc, thc finai mawrity date d thc Note and this IV{ongage as specifiod in the No~t anc! s~alt ~erform all athcr
cavenantu and c~rMitions of the Note, alf o(ttx ternu of which Note arc incorporated herein by refercner u ttwugh xt farth ful-
{y herein, and of any rtncwal, extension or modification, therevf and of this Martgage, thrn tfiis Mortgage ar~d tix cstatc t~ercby
crtatcd shal! ora.~e and terminate.
Mo~gagor further covenants ar?d agrces with Mortgagec as tollows:
i_ To pay al! sums, including intercst xcurcd hercby whcn due, as provided for in the N~tc and any rcnewal,
- extension or modificauon thcreof and in this INortgage, all such sums to be payable in lawfut money of the Umtcd S~~te,
' of Amenca at Mongagte's aforesaid pnac~pal office. or at such other place as I~lortgagte may designate rn writing
' To pa} uhen due. anu w ithout requ~nng a~y nuuce from ilongagee. all tazes. a.~e,~ment~ uf ~m~ t} pr ur
nawre and ~thrr cnaree5levied or asxsxd aga~nst the ~+lortgaged Propcny or th~s `lorteage and pre~duce rcreipt~ there-
fore up~~n .lcrosn~i Tu +mmrd~atel~ pa. ~nd di~charge am claim. f~e~ ~~r encumhr~nce ~gaimt thr tlurtga¢ed Pr~+prrs}
whi~h me~ tx .~r brcome ~upenur w th~s Nortgage and to permit n~ defaul~ ur dcllnyuenc} on an~ u~htr I~en. tn~um-
brance +,r ~harge a~ermt the 4fortgaecd Fropeny
3 If reqwred by ~longagec. to also makc monthly depos~ts with Nongagee, in a non-intr:t~t btumg ac-
count. togc~hcr w ith and ~n addu~on ~o mterest and pnncipal, of a sum cqual to one-twNfth vt the yearty trxes and ar
sessments which may be tev~cd against thc Mongaged Property, and (if so rcquircd) one-twelfth of the ytuly prtmiums
for insurance thereon. The ~mount of such t~aes, assessments and prcm~ums, when unknoKn. sh~ll be e~t~mated hy
Mongagee. Such deposus shall be uxd by Matgagee to pay such taxes, usessments and prem~ums when due. Any in-
. sufficiency o( such xcount to pay wch charges when due shall be naid by Mortgagor to Mortgagee :m drrr4nd I t. by
reason of any def~ult by Mortgagor under any prov~sion o( this Mortgage. Mcxtgaga derlarcs all sum~ xcured heoeby
to bc duc ~nd payable. Mongagte rtuy thtn xpply any funds ~n saia xcouM against the eni~rc indeMednca~ xcurcd
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} : go~~, 508 ~A~E ~22
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